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    Exam 17: New Classical Macro and New Keynesian Macro
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    The Reluctance to Change the Relative Relationships Between Wage Rates
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The Reluctance to Change the Relative Relationships Between Wage Rates

Question 79

Question 79

Multiple Choice

The reluctance to change the relative relationships between wage rates is called a


A) coordination failure.
B) real rigidity.
C) menu cost.
D) macroeconomic externality.

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